Latest news with #non-Nationwide
The Independent
a day ago
- Business
- The Independent
Thousands of people access Nationwide's service to raise awareness of benefits
Thousands of people have accessed a benefits calculator service provided by Nationwide Building Society in the first month of its launch. Nationwide launched the benefits calculator on June 26, to help make people aware of the support they could be entitled to. It is available to non-Nationwide members as well as the society's own customers. Since launch, more than 15,000 people have completed a 'quick indicator', with more than 4,000 completing the 'full calculator', Nationwide said. The quick indicator gives people a 'high level' overview of what they may be eligible for. If the quick indicator shows potential eligibility, people may proceed to the more detailed full calculator step. The 'better off' calculator has been launched in partnership with analytics company Policy in Practice. People can access the service through Nationwide's website, app, and a dedicated phone line. Calls to the helpline are charged at standard rate, however, a callback option is available on request, Nationwide said. Kathryn Townsend, Nationwide head of customer vulnerability and accessibility, said: 'By offering the choice of an online process and a telephone call, we are hopefully making what can be a daunting and confusing experience that little bit simpler.'
Daily Mirror
08-07-2025
- Business
- Daily Mirror
Halifax update on interest rates cut for savings account
A customer contacted Halifax after receiving a letter about the change Halifax has alerted customers about a key letter going out to savers about a change to their accounts. A confused customer reached out to the bank after receiving a notification in the banking app about a letter they had been sent. The letter made referred to their bonus saver scheme "ending soon", and also had some information about an instant saver account. To clear up the confusion, Halifax said in response: "After 12 months the account changes to an instant saver." The Bonus Saver offers a 3.05 percent interest rate across a 12-month term. This rate applies provided you make no more than three withdrawals during the 12-month span. Making four or more withdrawals results in the interest rate plummeting to 0.95%. The interest for this account is paid monthly, on the same day the account was opened. To open the account, you only have to deposit £1 and you can put in up to £9 million. Nevertheless, once you reach the end of the 12 months, the account becomes an instant saver, offering a significantly lower interest rate of just 1.35%, meaning a reduction in your interest rate of 1.7%. Moreover, those with a Bonus Saver should be aware that the interest rate is variable, so Halifax can change it at any point. The Halifax website provides this guidance: "We'll always let you know of any planned changes to the rate. "Our account conditions explain when and how we do this. For example, we might change it if it costs us more to run this account for you." The account can be managed online, through the app, in branch or over the phone. If you open the account and decide later on you don't want it, you can cancel the account free of charge within 30 days of opening. Halifax customers with an easy access savings account have the option to renew it into a bonus saver without needing to open a new account. In other savings news, customers with Nationwide Building Society may want to note they have just days left to take advantage of a £200 switch offer. Existing members can get the bonus cash when switching from non-Nationwide account to a new or existing FlexPlus, FlexDirect or FlexAccount account. The offer is available until Thursday, July 10. You can check if you qualify using the checker tool on the Nationwide website.
Wales Online
08-07-2025
- Business
- Wales Online
Halifax explains '12 month' rule on savings after customer questions
Halifax explains '12 month' rule on savings after customer questions A customer contacted Halifax after receiving a letter about the account change Halifax has explained the rules for one of its savings accounts (Image: Getty ) Halifax has provided clarity for its customers about an important change to many savings accounts. The issue came to light after customer asked the bank to explain a letter they had received. The letter mentioned that their bonus saver was "ending soon" and mentioned an instant saver account. Halifax clarified the situation by stating: "After 12 months the account changes to an instant saver." The Bonus Saver account pays 3.05 percent interest over a 12-month period. This is as long as you make no more than three withdrawals are within that year. Exceeding this limit by making four or more withdrawals means the interest rate drop significantly to 0.95%. Interest on the Bonus Saver is paid out monthly, coinciding with the date the account was opened. The account can be started with a mere £1 deposit and allows for up to £9 million to be added. However, at the end of the 12-month term, the account transitions to an instant saver, which comes with a much lower interest rate of 1.35%, equating to a decrease in the interest rate of 1.7%. Bonus Saver account holders may also want to take note that the interest rate is subject to change as it is variable. Article continues below This means Halifax can alter it at any time. The bank says on its website: "We'll always let you know of any planned changes to the rate. "Our account conditions explain when and how we do this. For example, we might change it if it costs us more to run this account for you." The account can be managed online, via the app, in branch or over the phone. If you open the account and later decide it's not for you, you can cancel the account free of charge within 30 days of opening. Halifax customers with an easy access savings account have the option to convert it into a bonus saver without needing to open a new account. Article continues below In other banking news, Nationwide Building Society customers may want to act now as they only have a few days left to take advantage of a £200 switch offer. Existing members can receive the bonus cash when switching from a non-Nationwide account to a new or existing FlexPlus, FlexDirect or FlexAccount account. The offer is available until Thursday, July 10. You can check your eligibility using the checker tool on the Nationwide website.
Scottish Sun
18-06-2025
- Business
- Scottish Sun
Millions of Nationwide customers to receive £100 free cash from TODAY – will you get it?
CUSTOMERS of a UK banking giant are set to receive a free £100 payment from today - and you could be eligible to claim the cash. Loyal customers who've saved or borrowed with the beloved building society are set to be given payouts through a rewards scheme just for them. 2 Eligible banking customers can get £100 for free Credit: Alamy 2 Nationwide Building Society has run the payment scheme for three years in a row Credit: Getty This Fairer Share scheme has been run by the building society in previous years. And this year the payments will go into effect on Wednesday, June 18 - meaning today is the day those eligible are set to get the free money. Nationwide confirmed the payments would be made through Friday, July 4. While around four million Nationwide customers will benefit from the scheme, not everyone is eligible. To qualify, customers will need to have opened a current account with Nationwide on or before March 31, 2025. They must also have at least £100 in savings, or have owed £100 or more on a mortgage by that same March deadline. Customers also need to have used their account between January 1 and March 31 this year. A total of about £410 million is estimated to be paid out. And if you missed out on this year's deadline, you may be eligable for the free cash next year as the building society has run the Fairer Share scheme three years in a row. However, there is no guarantee Nationwide will run the scheme again. Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals In 2024, Nationwide paid out £385 million to 3.85 million people as part of the scheme. The bank also recently offered exclusive access to a top savings account rate for its customers. What other banking perks can you get? Existing customers with Nationwide can also get a free £200 bonus if they switch a non-Nationwide current account into a new or existing FlexDirect account. You'll also get 5% interest on current account balances up to £1,500 for a year. Meanwhile Santander is giving out £180 free cash to those who switch to its Edge account. Plus there's a linked savings account that pays 6% interest on up to £4,000 for the first year. Where to find the best savings rates Many savings accounts offer miserly rates meaning that money is generating little or no return. However, there are ways to get your cash working hard. Sun Savers Editor Lana Clements explains how to make sure you money is getting the best interest rate. Easy access savings accounts offer flexibility for customers, meaning they can dip in and out of cash when needed. However, the caveat is that rates can change at any time. If you're keeping your money in an easy access account, you'll need to keep checking whether it's the best paying account for your circumstances and move if not. Check in at least once a month to see what is happening in the market. Check what is offered by your bank - sometimes the best rates are for customers only. But do search the wider market as often top savings accounts are offered by lesser known providers. Comparison sites are a good place to check for the top rates. Try or Moneysupermarket. You can search by different account type. You'll usually get a better interest rate if you can lock your money away for a fixed amount of time, but it's always a good idea to keep some money in an easy access account in case of emergencies. Don't overlook regular savings accounts often pay some of the best rates, but you'll need to commit to monthly payments. This can be a great way to get into a savings habit while earning top rates at the same time. First Direct is giving away £175 to people who switch to its 1st Account. You just need to open an account and set up at least two direct debits or standing orders within 45 days. You will also need to pay in £1,000 and make five debit card payments within the same timeframe. TSB is handing out £100 cash but £15 a month in cashback for six months to those who switch to its Spend and Save account. Plus, you can get either £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
Scottish Sun
17-06-2025
- Business
- Scottish Sun
Major high street bank is handing out £100 to over 4 MILLION customers this week – are you eligible?
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CUSTOMERS of a major UK bank will receive £100 starting from tomorrow. The payments will be made through a scheme rewarding loyal members who have saved or borrowed with the popular building society. Sign up for Scottish Sun newsletter Sign up 2 Around four million customers will be eligible for the free cash payments this week (stock image) Credit: Getty This Fairer Share scheme has been run by the building society in previous years and will go into effect on Wednesday, June 18. Nationwide has confirmed the payments will be made through Friday, July 4. While around four million Nationwide customers will benefit from the scheme, not everyone is eligible. To qualify, customers will need to have opened a current account with Nationwide on or before March 31, 2025. They must also have at least £100 in savings, or have owed £100 or more on a mortgage by that same March deadline. Customers also need to have used their account between January 1 and March 31 this year. A total of about £410 million is estimated to be paid out. And if you missed out on this year's deadline, you may be eligable for the free cash next year as the building society has run the Fairer Share scheme three years in a row. However, there is no guarantee Nationwide will run the scheme again. In 2024, Nationwide paid out £385 million to 3.85 million people as part of the scheme. NatWest to close 53 bank branches in fresh blow to UK high street – see if your local is affected The bank also recently offered exclusive access to a top savings account rate for its customers. What other banking perks can you get? Existing customers with Nationwide can also get a free £200 bonus if they switch a non-Nationwide current account into a new or existing FlexDirect account. You'll also get 5% interest on current account balances up to £1,500 for a year. Meanwhile Santander is giving out £180 free cash to those who switch to its Edge account. Plus there's a linked savings account that pays 6% interest on up to £4,000 for the first year. Where to find the best savings rates Many savings accounts offer miserly rates meaning that money is generating little or no return. However, there are ways to get your cash working hard. Sun Savers Editor Lana Clements explains how to make sure you money is getting the best interest rate. Easy access savings accounts offer flexibility for customers, meaning they can dip in and out of cash when needed. However, the caveat is that rates can change at any time. If you're keeping your money in an easy access account, you'll need to keep checking whether it's the best paying account for your circumstances and move if not. Check in at least once a month to see what is happening in the market. Check what is offered by your bank - sometimes the best rates are for customers only. But do search the wider market as often top savings accounts are offered by lesser known providers. Comparison sites are a good place to check for the top rates. Try or Moneysupermarket. You can search by different account type. You'll usually get a better interest rate if you can lock your money away for a fixed amount of time, but it's always a good idea to keep some money in an easy access account in case of emergencies. Don't overlook regular savings accounts often pay some of the best rates, but you'll need to commit to monthly payments. This can be a great way to get into a savings habit while earning top rates at the same time. First Direct is giving away £175 to people who switch to its 1st Account. You just need to open an account and set up at least two direct debits or standing orders within 45 days. You will also need to pay in £1,000 and make five debit card payments within the same timeframe. TSB is handing out £100 cash but £15 a month in cashback for six months to those who switch to its Spend and Save account. Plus, you can get either £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
